Dallas’ numbers reflect an overall national trend of declining defaults. However, out of five cities studied – New York, Chicago, Dallas, Los Angeles and Miami – Dallas’ rate is the lowest. Defaults also dropped to .83 in the consumer default composite indices, a historic low.

"The prospect for further gains in economic activity and consumer confidence is good as shown by the continuing decline in consumer credit default rates," says David M. Blitzer, managing director and chairman of the index committee for S&P Dow Jones Indices, in a release "Consumer default rates have stabilized at levels similar to those seen before the financial crisis.”

Once again, economists credited Dallas’ healthy economy as a factor in its lower default rates.

“A strong regional economy, highlighted by robust job growth in the Dallas-Fort Worth metro area, is a key ingredient in the low credit default rates for Dallas,” said Robert Dye, chief economist with Comerica Bank. “Like all regional economies Dallas has seen deteriorating credit quality in the past, however, recent trends are very favorable.”